jenniferpate1007 jenniferpate1007
  • 22-05-2024
  • Mathematics
Answered

A bond that matures in 13 years has a ​$1,000 par value. The annual coupon interest rate is 7 percent and the​ market's required yield to maturity on a​ comparable-risk bond is 18 percent. What would be the value of this bond if it paid interest​ annually?



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